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This is my solution:

1.If you run simulation in PSSe GUI, you have to go for Dynamic -> Simulation options -> Simulation, check out [Extended file (support DVRM)] in Channel output file type before you create .out file(actually .outx file is available). Then you will find the .out file (or .outx file) can be read by dyntool.

2.If your simulation run outside the PSSe GUI like using python script, use:

psspy.set_chnfil_type(0)     # 1 for OUTX format, 0 for (old) OUT format
psspy.strt_2([0,1],outfile)  # create out file

This is my solution:

1.If you run simulation in PSSe GUI, you have to go for Dynamic -> Simulation options -> Simulation, check out [Extended file (support DVRM)] in Channel output file type before you create .out file(actually .outx file is available). Then you will find the .out file (or .outx file) can be read by dyntool.

2.If your simulation run outside the PSSe GUI like using python script, use:

psspy.set_chnfil_type(0)     # 1 for OUTX format, 0 for (old) OUT format
psspy.strt_2([0,1],outfile)  # create out file
file, .out/.outx file are available if type is 0